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(EMAILWIRE.COM, November 18, 2009 ) New York, NY - One of the most well-followed financial newsletters in the industry, The Penny Stock Insider (published by the Peter Leeds team), is pleased to announce they have initiated coverage on Danaos Corporation (DAC).
DAC was profiled as a Hot List pick by Peter Leeds on November 12th, 2009. The full analysis report was provided exclusively to subscribers of the penny stock newsletter, and included a complete review, along with buy and sell target prices. In addition, subscribers benefit from ongoing updates about Danaos as required.
DAC was one of two Hot List picks made that week. The newsletter by Peter Leeds features approximately 100 penny stock picks per year, daily updates, ongoing guidance, short and long term buy and sell price opinions, and special articles and blog entries. To benefit from all of this specialized penny stock information, subscribers pay $195 per year, and have full online access to the service.
Peter Leeds has put a long term price target of $6.60 to $7.80 for the shares, which were trading at $4.70 on the day the penny stock report on DAC was released.
Some excerpts from the report include:
An international provider of seaborne transportation services, Danaos, Corp. (DAC) is a profitable company with growing revenues, a strong cash position and an increased market penetration. The company reported solid third quarter and year-to-date results and an encouraging outlook. In addition, DAC recently announced it increased its fleet size with the addition of its 42nd containership vessel.
Shipping is a global industry. Because it is the only cost-effective way to carry large volumes of essential commodities and finished goods, shipping is fundamental to international trade and its prospects are closely linked to economic activity around the world.
Peter Leeds, CEO of PeterLeeds.com, commented that, "the economic recovery is about to be in full swing, and the benefits of this will first show up with companies like Danaos. They are on the front lines of the rapid growth we're seeing in Asia, and as more products start moving around the world in the coming months and years, solid, well-run penny stock companies like Danaos will be low-risk vehicles to capitalize on the global return to growth."
More About The Penny Stock Service By Peter Leeds:
The leading penny stock newsletter, published by the Peter Leeds team, is available online at http://pennystocks.com. All subscriptions come with daily updates, Hot List picks, buy and sell opinions on prices (short and long term), and special feature reports. A free 14 day trial is currently available, and all subscriptions benefit from the 100% Unbiased Guarantee.
Peter Leeds, Inc.
Jen Hamel
1.800.442.1122
info@peterleeds.com 
Source: EmailWire.com
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